Thursday, July 12, 2012 / The Analyst / Proshare Research

Companies in the NEWS Today – Guaranty Trust Bank Plc and Julius Berger Plc


Guaranty Trust Bank Plc has been recognised as the 2012 ‘Best Bank in Nigeria’ by Euromoney Magazine for the fourth consecutive year. The award, which was presented during the 2012 Euromoney Awards for Excellence Dinner, in London last Saturday, recognised financial institutions worldwide that have recorded significant feats within their operating environments and continuously display innovation and record excellent financial performance year on year.



GTBank share price closed 2008 with -62.75% losses. The stock witnessed an improved performance in 2009 with +20.16% gains recorded and another +14.58% gains were also recorded in 2010. It resumed downtrend in 2011 as it closed the year with -19.76% losses while +12.28% YTD gains has been recorded so far in 2012. 

Julius Berger Nigeria Plc’s premises have been sealed by the National Environmental Standards and Regulations Enforcement Agency (NESREA). According to NESREA, the action followed the refusal of Julius Berger to heed repeated warnings. The agency alleges that Julius Berger alongside one other multinational company, Arab Contractors Ltd failed to comply with the provisions of the Environmental Impact Assessment Act, 1992, insisting that their premises would remain shut until they comply with the provisions of the law.



The construction firm share price recorded -34.30% and -53.62% in 2008 and 2009 while the loss was completely erased in 2010 with +93.87% gains recorded. The stock resumed downtrend in 2011 with -36.80% loss witnessed while -12.56% YTD loss has been recorded so far in 2012.

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